# YAP Payment Services Provider

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yap-payment-services-provider

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.yap.com
- Total disclosed funding: $82M
- Latest round: Series A (Mar 27, 2025)
- Investors on record: 4

## About

Based in Dubai, UAE, and founded in 2020 by CEO Marwan Hachem, YAP Payment Services Provider LLC, a.k.a. YAP is a financial technology company that provides digital banking for consumers and allows them to manage their money and pay their transactions online. In March 2025, YAP Payment Services Provider LLC raised USD 41 million in series A funding led by returning investor AlJazira Capital, with participation from other returning investors Audacia Capital, Astra Ventures, and Abu Dawood Group. YAP Payment Services Provider provides a digital banking platform with multiple features, including spend analytics, budgeting, transfers, and payments that allow users to control their finances. The company also provides a mobile application for both iOS and Android users where they can access unique online digital banking packages like YAP Young, and YAP Household to manage their money. In addition, the firm offers a Yap debit card that can be used with Samsung Pay to pay in stores, online, and in-app. The company generates revenue from charging fees associated with YAP IBAN account and debit cards, fund deposit into YAP IBAN accounts, card transactions, fund transfer and remittance, YAP account statement charges, and YAP packages. The company plans to utilize the March 2025 funding to expand its activities in Ghana, Egypt, Saudi Arabia, and Pakistan.

## Funding rounds

- Series A, Mar 27, 2025, $41M — AlJazira Capital, Audacia Capital, Abu Dawood Group, Astra Ventures
- Series A, Jul 4, 2022, $41M — AlJazira Capital, Audacia Capital, Astra Ventures, Abu Dawood Group

## Investors

- AlJazira Capital (https://capitalatlas.ai/funds/aljazira-capital) — Series A
- Audacia Capital (https://capitalatlas.ai/funds/audacia-capital) — Series A
- Astra Ventures (https://capitalatlas.ai/funds/astra-ventures) — Series A
- Abu Dawood Group — Series A